IEPPE Exam Dumps : Internationally Educated Professional Practice Exam

1. What is Short-Term vs. Long-Term Time Orientation?

Time orientation refers to how a culture values and prioritizes time-related goals and planning.

Short-term cultures focus on immediate results, whereas long-term cultures prioritize future goals.

2. Characteristics of Short-Term Time-Oriented Cultures:

✅Focus on immediate rewards and quick results.✅Preference for traditions and current social norms.✅Lower willingness to invest in long-term planning.

3. Examples of Short-Term vs. Long-Term Time Orientation:

Short-term cultures→ United States, Canada, Mexico.

Long-term cultures→ Japan, China, Germany (prioritize investments and future stability).

4. Why Option C is Correct:

Short-term time orientation means a focus on the present and immediate outcomes.

5. Why Other Options Are Incorrect:

A (Being on time)– Punctualityis not a defining factor in time orientation.

B (Focus on the past)– Past-oriented culturesvalue tradition but may also be long-term thinkers.

D (Focus on the future)– Long-term culturesprioritize future growth and investments.

Anethical problem arises when valid concerns are ignored, leading to preventable failures.

Step-by-Step Explanation:

Ethical Obligation to Address Issues:

Professionalsmust report and advocate for technical fixeswhen risks exist.

Ignoring problems can lead to system failures, data breaches, or unsafe operations.

Why Option D Is Correct:

Themanager dismissed concernsinstead of investigating.

Theorganization suffered negative consequences, proving the issue was valid.

Why Other Options Are Incorrect:

A, B (No serious impact)– Ethical failuresmust lead to negative outcomesto be classified as unsuccessful attempts.

C (Managers addressed the concern)– If concerns are acted upon,this is a successful resolution.

Acorporationis the best business structure toprotect personal assets, as itlegally separates the business from the owners.

Step-by-Step Explanation:

Why Personal Asset Protection Matters:

Brown & Green are nearing retirementand must ensure thattheir personal savings and investments are not at riskif the business fails.

Acorporation provides liability protection, meaningpersonal assets are not used to pay business debts.

Why a Corporation Is the Best Choice:

Separate Legal Entity– The company, not the owners, is responsible for its debts and liabilities.

Limited Liability– Shareholders (owners) arenot personally liablefor corporate losses.

Easier to Transfer Ownership– Corporations allowsuccession planning, so they cansell shares or pass ownership to a buyer when they retire.

Why Option D Is Correct:

Acorporation shields Brown & Green’s personal wealth from business risks.

Why Other Options Are Incorrect:

A (Limited Liability Partnership)– Onlyprotects against a partner’s negligence, but notbusiness debts.

B (General Partnership)– Partners arepersonally liable for business debts.

C (Sole Proprietorship)–Full personal liabilityfor debts; not suitable for shared ownership.